FIRSTIME DESIGN LIMITED (FTDL) today announced net sales for the three months ended March 31, 2016 of $2,226,000 a decrease of 3.2% compared to the same period last year. The Company reported first quarter consolidated net income of $245,000 or $0.16 per common share, an increase of 12.4%, as compared to net income of $215,000 or $0.14 per common share for the same quarter last year. FTDL ended the quarter with $3,319,000 of cash and cash equivalents on the balance sheet.
About FirsTime Design Limited
FirsTime Design Limited, through its subsidiary, FirsTime Manufactory, Inc., is an industry leading designer, marketer and distributor of timepieces, thermometers and other home décor products sold at major-national retailers. More information can be found at: www.firstimeonline.com or http://www.otcmarkets.com/stock/FTDL/quote
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